Sell gold to dealer or privately here

R

Ray

New Member
I have a gold bar from ABC with a receipt and everything. I’m in Sydney and the highest paying dealer I can find is Jaggards at about 97.6% spot. I’m new here so I was wondering if there are any higher paying dealers anyone knows in Sydney, and is it safe selling here (for spot I’d assume) instead of a dealer?
 
You’ll usually get spot at our Sydney monthly meetings held on the last Sunday of each month.
 
@Ray saw your post on the meetup post - 250g Gold is $42,370 at current spot, which narrows the number of buyers here who are looking at that amount in one item.

Sydney dealers are bad at buyback premium. One of the better ones in the industry is Bullion Now in Melbourne and they do actual Spot, but even they have item limit of 100g, above that may be at lower spot.

I would still contact them, as it is not impossible they will do spot, which would be over $1000 to your current 97.6% spot, and more than pay for the trip.

https://bullionnow.com.au/sell-my-bullion/
 
What is the market like for 1 oz bars? are there many people buying that size with the price going higher and higher? I would imagine smaller amounts would also have a higher premium?
 
Kandu77 said:
What is the market like for 1 oz bars? are there many people buying that size with the price going higher and higher? I would imagine smaller amounts would also have a higher premium?
Click to expand...
All gold sells
People will either pay your price or negotiate privately.
Keep in mind if your new with no selling history members will either want to transact face to face (ff) or will request you to ship your item first before paying. Once you have a few sales with positive feedback, you’ll will be able to request payment first before shipping, we all experienced this.
I might add, members are very quick to figure out who is a genuine seller and who is not.
Welcome to the forum
 
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